Free Trial

Analysts Offer Predictions for Targa Resources FY2026 Earnings

Targa Resources logo with Oils/Energy background

Targa Resources Corp. (NYSE:TRGP - Free Report) - Equities researchers at Capital One Financial issued their FY2026 EPS estimates for Targa Resources in a research note issued on Monday, January 13th. Capital One Financial analyst W. Suki forecasts that the pipeline company will post earnings of $9.86 per share for the year. The consensus estimate for Targa Resources' current full-year earnings is $6.40 per share.

Targa Resources (NYSE:TRGP - Get Free Report) last released its earnings results on Tuesday, November 5th. The pipeline company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.58 by $0.17. Targa Resources had a return on equity of 27.59% and a net margin of 7.65%. The business had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $4.24 billion. During the same quarter last year, the firm posted $0.97 earnings per share.

TRGP has been the subject of a number of other reports. Barclays raised their price target on shares of Targa Resources from $171.00 to $204.00 and gave the stock an "overweight" rating in a report on Monday. Scotiabank initiated coverage on Targa Resources in a research report on Friday, January 10th. They issued a "sector outperform" rating and a $218.00 target price for the company. UBS Group increased their price target on Targa Resources from $182.00 to $246.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price objective on Targa Resources from $190.00 to $204.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, US Capital Advisors downgraded shares of Targa Resources from a "moderate buy" rating to a "hold" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Targa Resources has an average rating of "Buy" and a consensus target price of $189.21.

Check Out Our Latest Stock Report on TRGP

Targa Resources Trading Up 3.4 %

Shares of TRGP stock traded up $7.01 during trading hours on Thursday, hitting $212.51. 1,470,333 shares of the company were exchanged, compared to its average volume of 1,457,533. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.61 and a current ratio of 0.77. Targa Resources has a fifty-two week low of $81.03 and a fifty-two week high of $212.64. The company has a 50 day simple moving average of $190.21 and a two-hundred day simple moving average of $162.26. The firm has a market cap of $46.34 billion, a P/E ratio of 38.43, a P/E/G ratio of 0.59 and a beta of 2.30.

Insider Activity

In related news, CAO Julie H. Boushka sold 3,260 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $190.74, for a total transaction of $621,812.40. Following the completion of the sale, the chief accounting officer now owns 35,143 shares in the company, valued at approximately $6,703,175.82. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider D. Scott Pryor sold 30,000 shares of Targa Resources stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $190.33, for a total transaction of $5,709,900.00. Following the completion of the sale, the insider now directly owns 82,979 shares in the company, valued at approximately $15,793,393.07. This represents a 26.55 % decrease in their position. The disclosure for this sale can be found here. 1.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Targa Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. Buckley Wealth Management LLC lifted its position in shares of Targa Resources by 0.7% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,925 shares of the pipeline company's stock valued at $1,469,000 after buying an additional 65 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Targa Resources by 0.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,685 shares of the pipeline company's stock valued at $1,153,000 after acquiring an additional 66 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Targa Resources by 9.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 934 shares of the pipeline company's stock valued at $138,000 after purchasing an additional 83 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in Targa Resources by 4.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,172 shares of the pipeline company's stock worth $321,000 after purchasing an additional 84 shares during the period. Finally, Huntington National Bank increased its stake in shares of Targa Resources by 22.9% in the third quarter. Huntington National Bank now owns 478 shares of the pipeline company's stock worth $71,000 after purchasing an additional 89 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

Targa Resources Company Profile

(Get Free Report)

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.

See Also

Earnings History and Estimates for Targa Resources (NYSE:TRGP)

Should You Invest $1,000 in Targa Resources Right Now?

Before you consider Targa Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Targa Resources wasn't on the list.

While Targa Resources currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Crypto Boom 2025: Bitcoin’s Rise and Trump’s Impact on the Market
Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks
7 Stocks to Benefit From Trump’s Tariffs in 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines